Mephistopheles, at this rate NN may not be " cheap " much longer, gg:
27.2 so far. It's zipping through faster than you can say ATM, < GG >.
And on a down DOW day too.Something is going on here perhaps, that we don't know. Some thoughts:
-the 30 days to take losses is past.
-upcoming show next week in Hannover, Germany.
-CSCO warnings last Mon:
sec.yahoo.com
there is a lot of info here;
-"potential difficulties " in developing higher products
( read, "big size ATM for Telcos?)
-Pressures from Asia ( NN has very little; biggest
exposure is China which is solid ).
-" slower growth": ie, ?not enough money left to offer
"giveaways" ( buy their NN switches) to Telcos?
-INTEL warning that it will start competing with CSCO:
www4.techstocks.com
-CSCO ability to deliver " reliable " DSL switches to Telcos?:
" an imperfect ( ie not as perfect as ATMs ) world?
www4.techstocks.com
-Giant money flow out of INTC, COMPQ,IBM, boxmakers.
-NN is cheap
-150% ATM growth ( 15% - ?30% router/ethernet Gigabit growth/)
Somebody please correct me on any/all of the above: I couldn't tell you an ATM from a meat freezer if you put them side by side, GG.( never seen one, gg but it's on my list of 1000 things to do).
Resistance may develop at 27-28 were there may still be some holders
who didn't bail out on it's way down to 18.However maybe THEY are long term holders and know better.
If NN slices though 28, next stop ===> ? 33?
Still holding all my shares.
TA
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